Bonominator said..This is really interesting. Not having the faintest clue about GPS units or the coding that goes into them, before we/Daffy/anyone spends a whole lot of time setting A 102+ up for GPS speed sailing are we sure it's the best available unit out there at the moment? I wouldn't want to find out in a few months that there's something far more suitable and we start the whole process again..
Apologies for playing devil's advocate...

I think the Canmore is an interesting but very basic option that has potential to be a bit better than basic, but not a real replacement for the GT-31.
I have not had any replies from Canmore now for a couple of weeks so I guess that's a dead end as well.
On the other hand, I think Locosys are still working on a GT-31 replacement, so that is encouraging.
There is also the Flysight project that has huge potential but seems to be bogged down a bit, or on the back burner at the moment.
There are a number of fairly simple ways to make a 10hz logger (only) yourself using a UBlox module if you have basic electronics skills and this has been done and tested. One of these made by Manfred Fuchs proved extremely accurate and was tested against the Luderitz video timing with excellent results.
There are a number of GPS dongles out there (eg, Wintec GRays and GRaysII) that can output UBlox UBX binary data at 4,5 or 10hz via Bluetooth that can be recorded on another device. Both Roo and Slowboat have done this successfully to a Palm device. I am sure it could be done with a cheap Android smartphone as well and I am sure someone could write a software app to produce a useful 'Genie" type display as well. The question is how much do you want to risk drowning even a 'cheap' smartphone?
Even the best device I, or others, can devise, purpose built with limitless funding from scratch (what a dream!

) may still not suit everyone's idea of the perfect device.... The best we can probably hope for is that it does 95% plus of what we all want and we can live with the rest. Unfortunately, the market is most probably not big enough for us to ever have multiple competing options.
I am still quite optimistic we will have a few options that are very good in the not too distant future.